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At the annual Berkshire Hathaway meeting, thousands of shareholders walked around the CHI Health Center in Omaha, Nebraska. Shareholders posed for photos with oversized pop-ups of Warren Buffett, giant Heinz ketchup bottles and buying other discounted Berkshire-themed kitsch at the event nicknamed the "Woodstock of Capitalism."
Shareholders later got to hear from the company's two front men, Buffett and Charlie Munger.
Buffett also offered his opinion of banks taking government assistance and Tesla CEO Elon Musk's plans to venture into the insurance business. In a subsequent interview with CNBC, Buffett explained why he doesn't buy into intial public offerings and laid out his full endorsement for capitalism, over socialism.